Volkswagen rules out closing Brussels plant -report

Newswire

FRANKFURT, Sept 23 (Reuters) - Volkswagen has ruled out closing a plant in Brussels to save costs and will instead move to reduce staff with cuts spread across all its European manufacturing centres, a newspaper reported on Friday. The Financial Times Deutschland cited unidentified VW management sources as saying it would take eight to nine years to recover the costs of closing its plant in Brussels, which made such a step exorbitantly expensive. The Brussels plant has often been cited ...

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